Valens Semiconductor Ltd. (NYSE:VLN - Get Free Report) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 278,800 shares, a decline of 22.0% from the February 13th total of 357,400 shares. Based on an average daily volume of 658,100 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are short sold.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Value Base Ltd. purchased a new position in Valens Semiconductor during the fourth quarter valued at approximately $53,672,000. IGP Investments G.P.L.P LP purchased a new position in Valens Semiconductor during the fourth quarter valued at approximately $8,996,000. Ameriprise Financial Inc. raised its position in Valens Semiconductor by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 1,421,482 shares of the company's stock valued at $3,696,000 after acquiring an additional 4,100 shares in the last quarter. Renaissance Technologies LLC raised its position in Valens Semiconductor by 41.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,001,930 shares of the company's stock valued at $2,605,000 after acquiring an additional 293,230 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Valens Semiconductor by 389.8% in the fourth quarter. Millennium Management LLC now owns 614,577 shares of the company's stock valued at $1,598,000 after buying an additional 489,108 shares in the last quarter. 33.90% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, ThinkEquity raised Valens Semiconductor to a "strong-buy" rating in a report on Monday, December 2nd.
Get Our Latest Stock Report on Valens Semiconductor
Valens Semiconductor Price Performance
VLN stock traded up $0.06 during trading on Friday, hitting $2.17. 51,492 shares of the company traded hands, compared to its average volume of 376,824. The stock's 50-day simple moving average is $2.52 and its 200 day simple moving average is $2.24. The company has a market cap of $230.76 million, a PE ratio of -8.68 and a beta of 0.34. Valens Semiconductor has a 1 year low of $1.67 and a 1 year high of $3.50.
Valens Semiconductor Company Profile
(
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Valens Semiconductor Ltd. engages in the provision of semiconductor products for the audio-video and automotive industries. The company offers HDBaseT technology, which enables the simultaneous delivery of ultra-high-definition digital video and audio, Ethernet, USB, control signals, and power through a single long-reach cable.
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